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Barbosa & Almeida fined

The Comision Nacional del Mercado de Valores, the Spanish stock exchange watch dog, has fined the glass company Barbosa & Almeida, Esc 300 million (Euro 1.8 million). It also fined company president C…

The Comision Nacional del Mercado de Valores, the Spanish stock exchange watch dog, has fined the glass company Barbosa & Almeida, Esc 300 million (Euro 1.8 million). It also fined company president Carlos Antonio Rocha Moreira Da Silva Esc 25 million. Barbosa & Almeida were fined for not reporting the acquisition of a significant share in the Spanish glass firm Vidriera Leonesa. Barbosa & Almeida acquired 175,630 shares of the company, representing 5.04% of its capital.

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